17.11.20
Brisbane to experience property market boom in 2021
ANZ economists have significantly revised their predictions for Brisbane’s property market in 2021, forecasting a surge in the capital city’s house prices.
In a recent article on The Urban Developer and The Courier Mail, ANZ described earlier forecasts as “too pessimistic”, and are now predicting a 9 per cent increase in Brisbane’s property prices over the next year.
This updated outlook supports Westpac’s recent predictions of a 20 per cent growth in the Brisbane property market over the next few years.
With these new forecasts, Brisbane is now set to be one of the leading capital cities for market growth over the next few years, with Perth being the only capital city expected to achieve higher growth.
Buyers looking to capitalise on the current record low interest rates and lock in a brand new apartment or townhome at today’s prices are set to benefit from predicted rises in the future.